0dce2fc1-f91e-4b98-b88d-7c0cab064b22The agreed sale price of a small business for sale, is influenced by a number of factors including revenues, business category, the business location, cash flow multiples and of course, the asking price. Although these factors are important in monitoring small business sales another overlooked factor speaks to fundamental market conditions, in particular the amount of time the business spends on the market. It is possible to study the health of the market by looking at the factor of time as it can determine the demand among buyers and expectations of sellers. ]]>Wed, 20 Feb 2019 14:14:00 GMT5e0f4442-14ad-473f-8ba6-c39edcea84e6Can we still use spreadsheets after MTD comes into force?One of the most commonly asked questions concerning the Making Tax Digital changes coming in from April 2019 concerns whether spreadsheets count as “functional compatible software”. The answer to this is both yes and no.]]>Fri, 15 Feb 2019 14:00:28 GMT7d1996e1-547c-473c-aab3-b2ea760de0bbProbate fees are to increase according to a new government consultation, which will see the end of the current flat fee approach and the introduction of a new banded approach based on the value of an estate. ]]>Thu, 14 Feb 2019 13:15:46 GMTd367b29f-2811-4a5a-b4e8-229a8b23e864In the autumn budget, Chancellor of the Exchequer, Philip Hammond proposed the UK implement a ‘digital services tax’ on sales by technology giants. ]]>Thu, 14 Feb 2019 11:34:16 GMT9d957b6d-c9dc-4d7c-b0ac-ffb9241b0c1aIt has been widely reported in the news that Moore Stephens has merged with BDO. ]]>Fri, 08 Feb 2019 10:39:09 GMTebbfd16d-2b32-455e-8c76-f3151c798fa8Generally speaking, the purchase of any vehicle where there is any element of private use means any reclaim of VAT may be restricted. HMRC’s website offers the following guidance:]]>Thu, 07 Feb 2019 11:55:38 GMT2b5bc70d-c3df-4e1d-8b6a-2b6eeac1a6e1Tue, 05 Feb 2019 11:34:08 GMT49657215-6954-4050-aa09-39fb57a142f4Tue, 05 Feb 2019 11:26:57 GMT92daf1ea-e1ad-46ee-87ec-e455eba8f7fcWhat is cloud accounting?

Cloud accounting uses software that is hosted on remote servers rather than on a company’s own servers. Data is sent to and stored in "the cloud," where it is processed and returned to the user - all application functions are performed off-site and not on the user's desktop.]]>Tue, 05 Feb 2019 11:25:01 GMTb711ca1e-0f39-41eb-a61d-40378686e9d6Mon, 04 Feb 2019 11:21:29 GMT25bfea3d-6b95-4fe3-aa71-d46dbd6ec860From 1st October 2019 a VAT reverse charge will apply in the UK to supplies of construction services, this will mean that around 300,000 construction businesses will be required to change their accounting systems.
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Hotels are benefiting from the continued drop in the value of sterling that has led to rising numbers of overseas tourists coming to the UK. 2017 set a record for inbound tourism to the UK, with 39.2 million visits, up 4.3% in a year.]]>Mon, 26 Nov 2018 00:00:00 GMTbbad5029-99e1-43e0-9be6-50ad9bfd6ebcCity AM 29.10.18